The Boston Celtics have reached an agreement to trade Kevin Garnett and Paul Pierce to the Brooklyn Nets, according to a report by Adrian Wojnarowski of Yahoo! Sports.
The deal was sealed after Garnett agreed to waive the no-trade clause on his contract. In exchange, the Nets fully guaranteed the final year of Garnett’s deal, worth $12 million, in 2014-15.
Garnett and Pierce will join another all-star drafted in the ’90s, Jason Kidd, who was named coach of the Nets earlier this month 10 days after retiring.
The Celtics will receive three first round draft picks in the deal along with forward Gerald Wallace, Kris Humphries, Reggie Evans, and Tornike Shengelia.
Jason Terry will also reportedly be part of the package to the Nets.
According to NBA rules, the deal can’t be made official until July 10.
The move comes days after the Celtics allowed coach Doc Rivers to the Los Angeles Clippers in exchange for the first round pick. Boston ushers in a major rebuilding phase around injured point guard Rajon Rondo.